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'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
turbulence here in washington tonight. >> as the faa began furloughing air traffic controllers and the flight delays began. the finger pointing quickly followed. >> as a result of administration's poor planning, i would argue political motives, thousands of people were stuck on tarmacs over the last few days. >> congress had an opportunity but republicans made a choice. and this is a result of a choice they made to embrace the sequester as, and i'm quoting republicans, as a victory for the tea party and a home run. >> if the blame was partisan, the pain was not. long lines and missed connections raised bipartisan concerns with republican and democratic senators asking the transportation secretary and head of the faa how much funding do you need to avoid furloughing air traffic controllers and to keep the contract air traffic control towers open and what could you cut from other accounts to avoid or reduced air traffic controller furloughs and contract closures and there were bipartisan proposed solutions. >> what i believe is there ought to be postponement of these furloughs to give all of us
that faa staff have had to be furloughed, then you may well be looking for someone to blame. and luckily enough, republicans are at the ready and know exactly who's responsible. >> as a result of the administration's poor planning, i would argue political motives, thousands of people were stuck on tarmacs over the last few days. the faa's mismanagement of this issue is a source of bipartisan frustration. our goal here shouldn't be to score political points on the backs of weary travelers. it should be to fix the problem. >> let's see. our goal here shouldn't to be to score political points. since when did mitch mcconnell outgrow his need to scoring political points? and isn't this what republicans have been doing for the last five years? but today, this very broadcast, has become the victim of the ludicrous sequester. because we've been in discussions with representative january schakowsky of illinois, who this week is promoting a bill that would put 50,000 public servants, such as police officers and firefighters, back to work. it is the exact opposite of the sequester and seemed like a
for more flight delays triggered by the sequester. some of the busiest airports fell behind schedule. faa furloughs went into effect leaving fewer air traffic controllers on the job and we have more from abc's matt gutman. >> reporter: the delays piled up in charlotte. waits up to 75 minutes at baltimore washington and at all three new york airports. >> when you have cuts like this, it's not good. it's one of the very few jobs, i think, that should not have one. >> reporter: the faa didn't mince words, blaming most of the backlog on federal budget cuts. the agency said, the crunch forced it to furlough its air traffic controllers one day every other week. it saves the agency nearly $640 million, but the faa says it could cost travelers 90-minute delays on 6,700 flights every day. and the early numbers show delays at baltimore washington anew york's laguardia, spiking fourfold over last monday. part of that could be weather related. but at other airports like philadelphia, not much change. to see for ourselves, we boarded a flight in miami for orlando. here's the confusing thing. the fligh
and all faa workers are losing one workday every other week. >>> all right, spring flooding turned much of the midwest into a muddy mess. record rainfall to blame for high water. for example, nearly 10 inches has fall in this month in grand rapids, michigan. swollen rivers can't take much more. forecasters say more rain is expected tomorrow. >> here's a look at your weather -- expect thunderstorms around southern kansas, oklahoma. by the evening commute, you could see snow around minneapolis and parts of the upper midwest. >> unseasonably cool along the east coast, new england to georgia with temperatures staying in the 50s. but check out the west. dry and warm. hitting the 90s in some spots. >>> to a shining example of someone who really l job. >> a powerful earthquake rocked china over the weekend brought everything to a stand still including a wedding in progress. the bride you just saw there happens to be an anchorwoman. she got right to work. still wearing her wedding gown and her veil. check her out. >> that is hilarious. she abandoned her big day and started reporting on the quak
because the faa is being forced to furlough thousands of air traffic controllers. abc's matt gutman has more from miami. good morning, matt. >> reporter: good morning, josh. the delays are already piling up. new york area airports reporting delays of over an hour. l.a.x. over three hours overnight. this is just the start. the faa now warning that as many as 6,700 flights could be delayed every day.the sequestrac across-the-board budgets cuts across-the-board budgets cuts are forcing furloughs. fewer planes in the air translates into delays. about 5,000 planes in the air at a given time and fewer eyes in the tower, the faa is slowing air traffic for safety. planes could both be prevented from landing and taking off. those inevitable delays could cost travelers more than just their time. >> airlines may have to cut flights. that will drive up ticket prices. demand will be high. >> reporter: the only antidote? said senator chuck schumer. >> we need democrats and republicans to meet in the middle and end the sequestration that causes the problems. >> reporter: analysts said there's not much
? >> possible options for travelers now that it is day three of the faa furloughs longer airport wait time, longer tarmac wait time perhaps canceled flights all together. now they have filed a motion to place a moratorium on the rule saying airlines cannot let passengers remain on the tarmac for more than 3 hours. the motion notes 6700 flights will be delayed daily at 13 of the busiest airports now that the furloughs have started f. you add bad weather on ton of that it could get pretty ugly. if the tarmac rule does stay in place airlines may be forced to cancel flights and significantly disrupt travel plans. because they don't have the appropriate staff to go deal with the travel disruption. >> they are telling passengers there's always the bus. >> college, is it worth it or not worth it? >> there is a growing number of people saying it's not worth it. no longer guarantees success. even a good enough job where you make enough money to pay back your student loan. the average college grad is graduating with 28,000 in debt. that's why some high school grads are starting their own businesses
. >>> and a news conference. flight delays are piling up after budget cuts forced the faa to furlo air traffic controllers. passengers on washington to new york shuttle flights could have gotten there faster by train. with about 10% scheduled to be off daily until october officials forecast the effect could snow ball. we've all had those moments. when you lost the thing you can't believe you lost. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. what that's great. it won't take long, will it? nah. okay. this, won't take long will it? no, not at all. how many of these can we do on our budget? more than you think. didn't take very long, did it? this spring, dig in and save. that's nice. post it. already did. more saving. more doing. that's the power of the home depot. dig in and save with vigoro one-quart annuals, four for just ten bucks. and a lennox home comfort system may
visitor programs certification from immigrations and forced them without being certified by the faa. according to g.a.o., 167 out of 434th flight training schools, 38% today do not have the required faa certification. i am told ice is often unaware when they revoke certification for flight training providers. i understand that ice is working with f.a.a. to thards issue. what updates and insurance consist you provide about ice's efforts to improve its communication with the f.a. toombings address this issue? >> i think we are very far along. by the way, senator, we're also moving from a new system governing institutions that educates student visa holders. this will help solve the problem. i will get to that. the silent screen process. under the present system, applicants for asylum must undergo a credible fear interview to determine whether they have a credible fear of persecution in his or her county of origin. but the officer determines that they have a credible fear, the application is a long for further consideration. this bill streamlines the process partly by allowing a screeni
suspects as brothers. 8:29, a.m., the faa closes airspace over watertown, massachusetts. logan airport remains open and open for now. bret, what is the expected develop mane we should likely see through washington throughout the day? it seems to me at the moment that police are pulling back. they're trying to figure out what happens next here in boston. as i say that, it's important to point out, we don't have cameras everywhere. and certainly we don't know what's happening outside of the view of the camera. >> that is exactly right. obviously much of boston, watertown, the surrounding areas still locked down. it is an armed and dangerous man. they're concerned about public safety. here in washington, people are being according to u.s. official and, headed to white house now to brief directly on latest developments to the boston bombings? we heard homeland security advisor had been keeping him up-to-date with all the details overnight. as i mentioned lawmakers are getting as much as they can too. the key thing, first of all, obviously as you talk about the public safety on the ground a
as well. we talked about the amtrak service. the faa, the federal aviation administration issued a temporary file restriction over a section of the boston area to provide a safer environment for law enforcement activities. logan airport remains open under heightened security. most flights departing and arriving on schedule. greyhound bus service has been suspended. dagen: thank you so much. it is not just boston. this will be felt in the northeast. thank you so much. connell: a briefing any moment from local authorities. you will see it live. you will keep you up-to-date as we have been on what is happening in the markets throughout the day. mike baker joins us on the telephone right now. former cia covert operations officer and president these days of his own intelligence firm that he is a part of. one suspected terrorists has been killed. another is still at large just outside of the big american city. what stands out to you? >> well, i mean, so much for disgruntled tax filers irresponsible for your will attack. you know, this opens a single to all sorts of investigations. righ
production rate is expected early next year. separately, there are reports that the faa could approve boeing 787 dreamliner battery fix and in the plane's three-month grounding and that will probably be impacting the stock today. >> blackstone is ending its pursuit of dell ending the nationwide drop in pc sales and the move is founder michael dell and blackstone pulling out one month after it launched its will challenge to attempt to take dell private and dell shares are trading down in pre-market trading. general electric releasing first quarter earnings this morning and the company reported a 16% jump in earnings versus next quarter. last year on increased oil and gas drilling equipment sales and ge shed the last of its stake in nbc universal, and we have some breaking news, i believe. i'll go to beck owe this. we apparently have breaking news and not sure where we're going for this, but it does -- the affiliate in boston. i take it back. art hogan is standing by at lazard in boston and the events of today have shut down a wide swath of activity and this is not boston, this is not business
a question whether they will come in. you have a 3 1/2 mile faa advisesy over the city of watertown. no taxis are allowed to pick up anybody in boston the governor is asking everyone shelter in place obviously. the mbta which is our transit is not traveling anywhere. so right now everything is in lockdown. i'll tell you what, people get it. they understand what is at stake here. they understand that everybody throughout the world is watching and we need to give our law enforcement personnel the tools and the ability their jobs and do it well without worrying about any civilian casualties being part of this whole situation. jon: and they have done that job well. i mean, you know, from the minute the fbi released the photographs, i mean the responses to these various criminal events that took place in and around cambridge, boston, watertown, were met with an overwhelming response. >> yeah. jon: you've got all kinds of police aunl sis there up to and including the national guard. >> as a member of the national ard i'm keenly aware what their role is and their role is certainly to make sure that
in sunday for nearly 50,000 employees. the faa is required to cut $637 million from its budget by the end of september. >>> and at least another inch of rain is expected today in parts of an already flood-ravaged midwest. at least six rivers in northern illinois have surged to record levels and thousands of residents have been displaced. the governor declared 44 counties disaster areas. missouri's governor has also declared a state of emergency. >>> and some momentary shock today after this a.p. tweet was posted, claiming, quote, two explosions in the white house and barack obama is injured. it turns out that the a.p. account was hacked and the erroneous tweet was taken down minutes later. the dow plunged more than 100 points on the news but quickly regained the losses once it was deemed false. a group known as the syrian electronic army has claimed responsibility for this tweet. an fbi spokesperson tells cnn the fbi is now investigating that hack. wolf? >> lisa sylvester, thanks very >> lisa sylvester, thanks very much. -- captions by vitac -- www.vitac.com >>> new images of the shootout
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